Yeah, not fair under the strict ASIC definitions, but to me this:
namely, that all shareholders had the chance to take up their notes back in November/December last year on the same terms makes it seem fair to me, notwithstanding that strategically, non-associated shareholders looking to increase a shareholding could be strategic to vote against conversion and pick up shares on-marker when Ariadne is then forced to dump.
The valuation of 15 cents on conservation estimates is very encouraging.
Expert Valuation for EGM, page-2
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Last
6.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $129.9M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 6.2¢ | $385.2K | 5.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1408295 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 392626 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| HGO (ASX) Chart |